Item 2. Properties
Item 2. Properties
We had 1,480 system-wide restaurants located across 47 states, Guam and 13 countries as of December 31, 2023. The following is a summary of our restaurant locations by country and territory as of December 31, 2023:
COMPANY-OWNED FRANCHISED
United States (1) 998 United States 152
International: International:
Brazil (2) 172 Argentina 3 Japan 9
China (Mainland) 1 Australia 8 Mexico 4
Hong Kong 18 Canada 3 Qatar 6
Total international Company-owned 191 Costa Rica 2 Saudi Arabia 10
Dominican Republic 1 South Korea (1) 92
Guam 1
Total international franchised 139
Total Company-owned 1,189 Total franchised 291
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(1) Restaurant property counts exclude one and four off-premises only kitchens from Company-owned United States and franchised South Korea totals, respectively.
(2) The count for Brazil is reported as of November 30, 2023 to correspond with the balance sheet date of this subsidiary.
We lease substantially all of our restaurant properties from third parties. As of December 31, 2023, our Company-owned restaurants were located on the following sites by segment:
U.S. INTERNATIONAL TOTAL PERCENTAGE OF TOTAL
Company-owned sites 25 — 25 2 %
Leased sites:
Land, ground and building leases 692 1 693 58 %
Space and in-line leases 281 190 471 40 %
Total Company-owned restaurant sites 998 191 1,189 100 %
We also lease corporate offices in Tampa, Florida and São Paulo, Brazil.
Item 3. Legal Proceedings
For a description of our legal proceedings, see Note 21 - Commitments and Contingencies of the Notes to Consolidated Financial Statements of this Report.
Item 4. Mine Safety Disclosures
Not applicable.
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Table of Contents
BLOOMIN’ BRANDS, INC.
PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.